Five essential things to remember when signing a purchase agreement.
Friday Apr 19th, 2024
ShareThe agreement protects the interests of both parties. What should sellers and buyers know when something goes wrong with their real estate purchase agreement? 1. What happens if the deal falls due to the buyer's fault? If the buyer cannot close the deal, the seller is forced to list it again for sale. Suppose the property was priced at $1,000,000 in the contract but sold for $900,000 upon resale. As a result, the seller can sue the buyer for the loss of $100,000, as well... [read more]